Samsung expected to report 80% profit plunge as losses mount at chip business (www.cnbc.com)
IMF hikes U.S. growth forecast for 2023, leaves global outlook unchanged (www.cnbc.com)
The International Monetary Fund raised its U.S. growth projection for this year by 0.3 percentage points compared with its July update, to 2.1%....
UAW will not expand strikes at Detroit automakers after last-minute GM proposal (www.cnbc.com)
Tesla cuts Model 3 and Model Y prices in the U.S. after car deliveries fall (www.cnbc.com)
Tesla cut the price of some Model 3 and Model Y versions in the U.S. after the company reported third-quarter deliveries that missed market expectations....
A nearly $3 billion net worth puts you among the richest 400 people in America—40 years ago, that'd be No. 1 (www.cnbc.com)
The all-important 10-year yield has spiked — and that’s got Wall Street, banks and borrowers really nervous (www.cnbc.com)
Why China has its eye on Latin America (www.cnbc.com)
In the last 10 years, President Xi Jinping of China has had at least five different meetings with Venezuelan President Nicolás Maduro. The meetings culminated in an “all weather strategic partnership” in 2023....
More than 75,000 workers to strike at hundreds of Kaiser Permanente health facilities across U.S. (www.cnbc.com)
Workers are the unhappiest they've been in 3 years—and it can cost the global economy $8.8 trillion (www.cnbc.com)
‘We are not in the business of ice cream’: Big Oil CEOs defend themselves against climate criticism (www.cnbc.com)
Chief executives of some of the world’s largest energy companies on Monday sought to defend themselves from criticism, saying it is not possible to keep everyone happy amid the planned energy transition....
GM, Ford furlough another 500 workers due to UAW strike (www.cnbc.com)
General Motors and Ford Motor on Monday said they are indefinitely laying off another 500 workers at four Midwestern plants because of the impact on some of the facilities of the United Auto Workers strike in its 18th day....
Amazon customers report false email confirmations for gift cards they did not buy (www.cnbc.com)
Amazon customers report false email confirmations for gift cards they did not buy::Amazon customer service representatives have been receiving a host of inquiries from worried and confused customers.
Apple will issue a software update to address iPhone 15 overheating complaints (www.cnbc.com)
Apple will issue a software update to address iPhone 15 overheating complaints::Apple said that the new iPhones were running hot because of a combination of bugs in iOS 17, bugs in apps, and a temporary set-up period.
Mortgage demand shrinks as interest rates hit the highest level in nearly 23 years (www.cnbc.com)
Mortgage interest rates just hit a level not seen since the year 2000. As a result, mortgage demand is now sitting near a 27-year low....
SpaceX wins first Pentagon contract for Starshield, its satellite network for military use (www.cnbc.com)
The Pentagon has awarded Elon Musk’s SpaceX its first confirmed contract for the Starshield network it’s developing, a military-specific version of the company’s Starlink satellite internet system, the defense agency said Wednesday....
FTC and 17 states sue Amazon on antitrust charges (www.cnbc.com)
FTC and 17 states sue Amazon on antitrust charges::The lawsuit is a major milestone for FTC Chair Lina Khan, who rose to prominence for her 2017 Yale Law Journal note, “Amazon’s Antitrust Paradox.”
Amazon lawsuit protects ‘free and fair competition,’ says FTC Chair Lina Khan (www.cnbc.com)
One day after filing a massive antitrust lawsuit against Amazon, Federal Trade Commission Chair Lina Khan defended the agency’s decision to pursue the company and explained how its use of monopoly power allowed it to leverage an effective 50% tax on sellers....
Trump and company liable for fraud in New York lawsuit, judge rules (www.cnbc.com)
A judge on Tuesday ruled that Donald Trump and his company are liable for fraud by misstating the true values of multiple real estate properties for years and thus grossly overstating the former president’s net worth by billions of dollars....
Hollywood writers and studios reach tentative deal to end strike after nearly 150 days (www.cnbc.com)
Philippines condemns Chinese 'floating barrier' in South China Sea (www.cnbc.com)
Philippines condemns Chinese ‘floating barrier’ in South China SeaThe Philippines on Sunday accused China’s coast guard of installing a “floating barrier” in a disputed area of the South China Sea, saying it prevented Filipinos from entering and fishing in the area....
Armenians will leave Azerbaijan's Nagorno-Karabakh region amid fear of ethnic cleansing (www.cnbc.com)
Hollywood writers and studios reach tentative deal to end strike after nearly 150 days (www.cnbc.com)
Hollywood scribes initiated a work stoppage in early May as negotiations broke down with studios including Disney, Paramount, Universal and Warner Bros. Discovery....
U.N. chief calls for an end to $7 trillion in fossil fuel subsidies (www.cnbc.com)
Credit card losses are rising at the fastest pace since the Great Financial Crisis (www.cnbc.com)
Turkey's central bank hikes interest rate to 30% (www.cnbc.com)
